₦airaland Forum

America and the UK will tighten the chain on its slave's neck and they'll drop the bill.

The fall of dollar is the fall of America! And America has outstanding leverages against our leaders to keep them from doing anti-dollar policies.


If you have seen the movie, Blacklist, you'd understand how the American system works.

Will our politicians allow it tp pass??

Na people wey get savings den dy talk..

Wisdomkosi:
Source : https://politicsnigeria.com/senate-moves-to-ban-foreign-currencies-in-nigeria-insist-on-naira-only-transactions/

Make I see if u go fit buy land for eko Atlantic with naira.

That's a PDP senator
Not the useless APC rubber bands

Good move I'm in100% support.

This is an example. How can Nigerians be paying with dollar for Police clearance.

Ijaya123:
Thought it is already illegal to use foreign currencies as legal tender in the country?

No, it's not. Some big hotels in Lagos only accept payments in USD. This country is a playground for rich people. Laws are for broke people

I no they can't ban it they are just pulling our leg

Nice one but it won't work in a failed country called Nigeria

Can the elites obey this law? Hope they're not making it for the poor? Hope it's not an avenue for police to be harassing people in the bid they are searching for dollar! If it is for efcc to be arresting those with dollar or closing dollar account. They should better spend this energy on electoral reform.

Mugu44:
That's how Tinubu & Cardoso said EFEMS was bringing down the dollar to N50.

What happened?
Has it malfunctioned or is Tinubu waiting for Emeka Singapore & Dozie Hong Kong to reduce it further?


Trial and error government of clueless thieves

The self-destruct is I phases, please be patient.

Lolos

This is what you get when you are ruled by touts.

Same man that walks around with dollars, na tiger battery dey control this man brain.

How will they pay expatriate, some workers whose certifications courses are priced in USD/GBP etc

Offshore/Marine Vessel owners whose assets are chartered, maintained and purchased in USD etc.

Contractors who require payment in USD to facilitate manpower and equipment needed to execute jobs.

Etc...

fabolouz1:
Will be the best decision ever but will the powerful elites allow this?

I don't think there is a domestic use or purchase that is that widely used

Who uses it the most? Are they not the ones. Nonsense people.

They should also ban it's use during electioneering campaigns. Ban politicians from using it to bribe delegates simple.
They should also consider selling crude oil in naira to foreign buyers. This would surely drive up the value of the naira.

Dododudu:
This is an example. How can Nigerians be paying on dollar for Police clearance.

Is the page that of Nigerian police?

Mugu44:
That's how Tinubu & Cardoso said EFEMS was bringing down the dollar to N50.

What happened?
Has it malfunctioned or is Tinubu waiting for Emeka Singapore & Dozie Hong Kong to reduce it further?


Trial and error government of clueless thieves

Always complaining. Just go and start farming

Mugu44:
That's how Tinubu & Cardoso said EFEMS was bringing down the dollar to N50.

What happened?
Has it malfunctioned or is Tinubu waiting for Emeka Singapore & Dozie Hong Kong to reduce it further?


Trial and error government of clueless thieves

You never even start to dey wail!!!just wait!!

You go wail tire

4words:
This as always been my take.

I am proposing the following solutions to mitigate or solve the free fall of naira against foreign currency.

After careful consideration, here is what i propose:
1. The Federal Government (FG) should place a ban and make illegal the presence or utilization of physical dollars(foreign currency) in Nigeria. Any international remittance received should be promptly converted to the local currency (Naira) upon receipt by the recipient or deposited into their domiciliary account.
2. Upon entry into Nigeria, all foreign currencies must be converted to Naira or deposited into the owner's domiciliary account.
It would be deemed illegal to enter Nigeria with any other currency aside the naira.
3. All transactions involving the purchase of foreign exchange for international transactions should be conducted electronically. This electronic system would enable efficient tracking and monitoring of foreign exchange transactions.
4. Individuals with physical dollar(foreign currency) will be given a specified timeframe to convert them to Naira or deposit them into their domiciliary account. Owning physical dollars will be illegal after the stipulated period.
5. Funds held in domiciliary accounts cannot be transferred to another domiciliary account but can be used for international transactions or converted to Naira. The sources of foreign exchange will be documented electronically through banks or fintech platforms, ensuring transparency and accountability in the process.

This, i believe will greatly stabilizer the fall of naira and every regain its strength.

nice proposal

Olachase:
Where their sense day before


😏😏

Forget bro do you think they don’t have sense?. Do you think they don’t know what exactly to be done all this people know the right thing but they won’t do it because of greed. If Nigeria is good today a lot of rich people and wealthy families will be affected. And that’s where all of them are eating how about enaira what have we heard about it about about Nigeria air same story everything nah just the more you look
The less you see

MoonWater:
Is the page that of Nigerian police?

Yes. Check well you will see their logo

giftbawa:
Politicians no go agree but it is a welcome development

It is welcome only if they will implement it themselves. They are all a bunch of gang of criminals

This is a good policy

Mugu44:
That's how Tinubu & Cardoso said EFEMS was bringing down the dollar to N50.

What happened?
Has it malfunctioned or is Tinubu waiting for Emeka Singapore & Dozie Hong Kong to reduce it further?


Trial and error government of clueless thieves

You be mugu for real

The competition is getting too much abi?

I love this idea. Let there be total ban on foreign currencies as a medium of transactions in Nigeria.

Mugu44:
That's how Tinubu & Cardoso said EFEMS was bringing down the dollar to N50.

What happened?
Has it malfunctioned or is Tinubu waiting for Emeka Singapore & Dozie Hong Kong to reduce it further?


Trial and error government of clueless thieves

He never said this.

Long overdue